SMCI

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0099%/8h= −10.8% APRnext payment −$0.99 per $10,000 · paid last 24h +0.002%

Price spread now: Binance against KuCoin+0.142%7-day average +0.080% · you sell dearer than you buy

Net, funding: paid 7d − costs−$655as in the Funding arb table

Net, price: spread back to 7d avg − costs−$643as in the Price arb table

costs, in and out, $10k−$6496.490% of the position

Long on KuCoin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.064%−$6 on $10k

Price spread, last 4 days (all we have)+0.142%+$14 · spread now +0.142%, 7d avg +0.080%

Together, before fees+0.078%+$8 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.062% dearer against KuCoin than usual: you sell high and buy low (spread +0.142% now, against its 7-day average of +0.080%): +$6 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.1 days. At the pace of the last 7 days (−0.064% in total) that is about 6.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SMCIUSDTM	40.850	0.0100	pay 0.0100% / 8h	4m 20s	$459K	$524K	20x
Short	Binance SMCIUSDT	40.908	0.0001	get 0.0001% / 8h	4m 20s	$3.4M	$5.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee KuCoinbpFee BinancebpOrdersPrice spread, now +0.142%Rate

Funding earned: −$20.77
Price spread: +0.142% → +0.080%: $6.24
Slippage, 4 orders: −$626.95
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$663.48
Costs to cover: 6.490%
Break-even: never at this rate

Slippage from KuCoin: live order book, 29 min ago; Binance: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy KuCoin live order book, 29 min ago	12.23 bp	297.0 bp −$297	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 3 min ago	2.44 bp	16.2 bp −$16	59.3 bp −$593	doesn't fit	doesn't fit

SMCI on 17 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective SMCI/USDC PERP	−0.0220%	1h	40.460	−0.955%	$4K	$90	12x	as long as short
Bitget SMCIUSDT	−0.0150%	8h	40.891	+0.100%	$1.3M	$501K	20x	as long as short
BloFin SMCI-USDT	−0.0028%	8h	40.870	+0.049%	$79K	$9K	20x	as long as short
Extended SMCI-USD	0.0000%	1h	40.905	+0.134%	$573	—	10x	as long as short
Bybit SMCIUSDT	0.0000%	8h	40.830	−0.049%	$995K	$293K	25x	as long as short
OKX SMCI-USDT-SWAP	0.0000%	8h	40.880	+0.073%	$675K	$1.1M	20x	as long as short
Gate SMCI_USDT	0.0000%	8h	40.870	+0.049%	$1.5M	$1.4M	20x	as long as short
Variational Omni SMCI	0.0000%	8h	40.894	+0.109%	$124K	$134K	—	as long as short
Phemex SMCIUSDT	0.0000%	8h	40.890	+0.098%	$1.6M	$258K	10x	as long as short
Binance SMCIUSDTshort	+0.0001%	8h	40.908	+0.142%	$3.4M	$5.3M	20x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SMCI	+0.0032%	1h	40.869	+0.047%	$40K	$13K	10x	as long as short
SoDEX SMCI-USD	+0.0050%	1h	40.880	+0.073%	$132	$3K	10x	as long as short
QFEX SMCI-USD	+0.0067%	1h	40.900	+0.122%	$1.1M	$1.8M	10x	as long as short
GRVT SMCI_USDT_Perp	+0.0076%	8h	40.879	+0.071%	$457	$170K	10x	as long as short
KuCoin SMCIUSDTMlong	+0.0100%	8h	40.850	long leg	$459K	$524K	20x
HTX SMCI-USDT	+0.0100%	8h	40.910	+0.147%	$8K	$287K	10x	as long as short
Paragon para:SMCI	+0.0256%	1h	40.853	+0.007%	$157K	$264K	10x	as long as short